Salary for
Loan Workout Officer II in the United States

How much does a Loan Workout Officer II earn in the United States? The average Loan Workout Officer II salary in the United States is $81,958 as of March 28, 2019, but the range typically falls between $68,462 and $96,593. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View Cost of Living in Major Cities

Job Description

Restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower and to facilitate collection. Works with mid- and large-size loans of medium to high complexity. Analyzes financial data and provides required reporting. May specialize in a particular loan type or industry. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. Gaining exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience.

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Salary range for a Loan Workout Officer II
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Average Base Salary

Core compensation

 
 
 
68462
96593
81958

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
73851
109387
89476
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Loan Workout Officer II in the United States. The base salary for Loan Workout Officer II ranges from $68,462 to $96,593 with the average base salary of $81,958. The total compensation, which includes bonus, health and retirement, can vary anywhere from $73,851 to $109,387 with the average total compensation of $89,476.
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68462
96593
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Career Path for this job

  1. Down a level:

    Loan Workout Officer I

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Loan Workout Officer II

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Loan Workout Officer III

    4 - 7 years experience
    Bachelor's Degree

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Job Openings for Loan Workout Officer II